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The Latest Breaking News from Oil

'Targeted shadow fleet for first time': EU announces major ops against Russia, unveils fresh sanctions

The European Union on Thursday approved its 21st package of sanctions against Russia over the war in Ukraine, retaining the existing oil price cap for another year while expanding restrictions on banks, crypto firms and, for the first time, vessels linked to Moscow's "shadow fleet". European Commission president Ursula von…

The Times of India

Global Market: European shares slip as tech stocks drag; ECB policy decision in focus

European shares slipped as weak semiconductor earnings and renewed concerns over AI spending weighed on technology stocks. Energy shares gained as Middle East tensions lifted oil prices, while investors awaited the ECB’s policy decision.

The Economic Times

The European country whose state oil company has been one of the biggest winners of Iran war

Equinor has nearly doubled its quarterly profits as the US-Israeli war against Iran has choked off supplies from the Gulf

The Independent UK

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Ousted Ukrainian defence minister refuses any other role in Zelenskyy’s government – as it happened

Mykhailo Fedorov says only in his former post could he ‘combat procurement corruption and complete the army’s transformation’

The Guardian - UK

War in Ukraine: EU agrees 21st round of sanctions on Russia

EU ambassadors on Thursday reached a political agreement on a new round of sanctions against Russia over the Ukraine war, ‌according to EU diplomats. The 21st ‌sanctions package includes ⁠a 12-month freeze on the Russian oil price cap.

France 24

Mideast oil producers step up plans to bypass the Strait of Hormuz

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz

The Independent UK

Domino effect: Gandhar Oil’s 20% upper circuit spurs rally in Savita Oil and Panama Petro. Here’s why

Gandhar Oil Refinery hit the 20% upper circuit after reporting a 689% year-on-year jump in Q1 net profit, triggering a rally in peers Savita Oil and Panama Petrochem. Strong demand across PHPO, PIO and lubricants, along with expanding exports and higher-margin products, boosted investor sentiment.

The Economic Times

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Woodside's lawsuit against three protesters thrown out

A judge has dismissed a civil case initiated by an oil and gas giant against three environmentalists over a stink bomb.

AAP

Houthis say they attacked 2 Saudi oil tankers in the Red Sea as US carries out 12th night of strikes

Yemen’s Iran-backed Houthi rebels says they have attacked two Saudi oil tankers in the Red Sea, and the U.S. military said it conducted a 12th night of strikes against Iran as the two countries vie for control of vital shipping lanes

The Independent UK

Ransom Canyon season 2 ending explained: are Staten and Quinn back together, who is Yancy's secret wife, Double K and Fuller Ranch feud explained and possible season 3 predictions

Even though some of the main storylines have carried over from season 1, there's a lot to unpack in the Ransom Canyon season 2 ending — so we've done it for you.

TechRadar

Hormuz, Red Sea spark a 1,000% war-risk premium shock

War-risk insurance premiums have surged by as much as 1,000% as tensions across the Strait of Hormuz and the Red Sea disrupt shipping. Fresh Houthi attacks and the US-Iran conflict are raising voyage costs, increasing crude import expenses for India and adding fresh uncertainty to global oil markets.

The Economic Times

Bulletin AM briefing: Burnham cuts business rates and Houthis strike Saudi oil tankers

Here’s five of the biggest stories this morning

The Independent UK

Cutting off Red Sea oil route may be one crisis too many

The Red Sea conflict has disrupted oil flows, impacting global energy markets. This escalation is now forcing oil tankers to reroute, increasing transit times significantly. Asian refining output has plummeted, and China's recovery faces new challenges. Soaring fuel prices are reducing global oil demand, affecting economic activity. The world faces…

The Economic Times

5 Beauty Products That Were Originally Made For Something Completely Different

Have you ever wondered if the lipstick, moisturizer, or petroleum jelly sitting in your vanity was actually created for beauty at all? Many of the products we now associate with flawless skin and makeup routines were invented to solve completely unrelated problems. Some were designed for doctors, others for factory…

MyLifeXP

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Woman & Home

Here's how to pre-order the Liberty Beauty Advent Calendar 2026 before it launches in September

Having previously sold out in as little as 25 minutes, this iconic calendar is not to be missed out on

The Independent UK

Asian shares are mostly higher and Mideast tensions push Brent crude past $96

Asian shares are mostly higher, while the intensifying war with Iran pushed Brent crude past $96 a barrel

The Economic Times

Rupee likely shielded by RBI intervention as oil surges

The Indian rupee remained largely unchanged on Thursday. Higher oil prices and central bank actions influenced its movement. Global tensions in the Red Sea and strikes on Iran escalated oil prices. These rising energy costs pose a significant risk to India's economy. The rupee's stability depends on continued foreign investment…

The Economic Times

Oil prices scorch Indian bonds; rising Treasury yields add to pressure

Indian government bonds declined early Thursday as Middle East tensions escalated. Crude oil prices neared $100 a barrel, and U.S. Treasury yields also rose. Higher oil prices threaten to revive inflation pressures and weaken the Indian rupee. This situation could significantly impact energy-intensive industries and economies. India imports nearly ninety…

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The Independent UK

Iran-US war latest: Oil prices surge above $100 as Trump weighs broader Iran offensive

‘They haven’t received enough pain yet,’ president warns after attacks on ships crossing the Red Sea

Euronews

Trump says he is 'close to deciding' on a 'massive attack' on Iran

Earlier in the day, Trump threatened the Houthis with "major military punishment" after the Tehran-backed militant group in Yemen claimed on Thursday that it had struck two Saudi oil tankers transiting the Red Sea.

The Guardian - UK

Iraq’s impossible predicament: why the country is trapped between Iran and the US

The long read: With the outbreak of this year’s war, Iraq’s balancing act between the two antagonists has collapsed, exposing a perilously fragile state

The Guardian - UK

Climate crisis-driven heat ‘sucking soils dry’ as extreme drought hits Europe

Analysis shows how heatwaves are making atmosphere thirstier, damaging water supplies, food production and power generation

The Economic Times

Sensex drops 364 points, Nifty closes below 23,900 as market falls for 4th day on rising Iran-US tensions. What’s ahead?

Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty closed lower as oil prices soared significantly. Broader markets also saw declines, with midcap and smallcap indices falling. Mahindra & Mahindra and Tata Consultancy Services shares led gains on Sensex. Adani Ports, Bajaj Finance, and IndiGo…

The Independent UK

Iran-backed Houthis strike Saudi oil tankers amid escalating conflict

IN FULL

AAP

Shares trim gains as bets narrow on interest rate hike

A sustained bounce in miners has pushed the ASX to a third session of gains but tightness in the labour market is putting pressure on the Reserve Bank.

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